IFF Invests $30 Million to Expand Regional Footprint in Singapore - Intl Flavors & Fragrances (NYSE:IFF)

New innovation center and Singapore Flexiblend plant to accelerate innovation and broaden co-creation capabilities in Greater Asia

IFF IFF today announced the opening of its new Singapore Innovation Center, the first in its global network of research, creative and application centers to integrate the technologies, capabilities and expertise of all four business divisions: Nourish, Health & Biosciences, Scent and Pharma Solutions. At nearly 11,000 square meters, it is IFF's largest in the region.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221012006035/en/

IFF Invests $30 Million to Expand Regional Footprint in Singapore (Photo: Business Wire)

Its launchfollowing IFF's newly operational Singapore Flexiblend plant in Tuasmarks the latest in the company's nearly US$30 million investment into Singapore. The two sites are part of a series of aggressive investments IFF is making to accelerate innovation, broaden its co-creation capabilities, drive speed to market and enhance accessibility to customers across Asia.

By 2030, Asia is projected to account for 60 percent of global economic growth, said Frank Clyburn, chief executive officer of IFF. For IFF, Asia has demonstrated consistent growth, and we see tremendous opportunity in the future.

Just this year, we've opened innovation centers in the U.S., Latin America, Europe and now Singapore, demonstrating our commitment to advance scientific discovery globally. Together, these significant investments will fast forward innovation across our broad portfolio, supporting our customers in creating differentiated, new-to-world solutions that benefit people and planet.